For eight years, progressive-left politicians have told us that the ‘new normal’ for economic growth would be limited to the 2% range. And for years, our Center and other free-market advocates argued that major tax and regulatory reductions would reverse this course and lead to rapid economic growth, meaning more money and prosperity for families. After this week’s 4.1% GDP growth report, there can no longer be any doubt that we were right. Over the past 18 months, the optimism and growth resulting from the implementation of pro-business and conservative policies at the federal level stand in stark contrast to the stagnation we experienced from progressive policies.
The results are clear: unemployment rates among virtually all demographic groups are at or near all time lows, personal incomes are rising, and manufacturing jobs that the left told us were extinct are roaring back by the hundreds of thousands. However, Rhode Island is still held back by the status quo big government thinking. We remain trapped at 47th place on our Center’s Jobs & Opportunity Index. We can amplify the positive national results in Rhode Island if we adopt similar free market policies. Click the link here now to find out more.